The question is, what's the purchase power of gold (and silver) in todays dollars, since we are intimately familiar with the purchase power of the dollar.
Looking back in history silver has had about a 1/10th purchase power of gold prior to 1873 when silver was divorced from currency. That makes a lot of sense since the rate they come out of the ground is about the same ratio. Now however, since silver is much more valuable than gold in our tech, the purchase power of silver might increase a little bit over previous ratios.
But just looking at gold the real purchase power of gold is around 10k/oz(+) in todays dollars when compared with the entire 19th century. That puts the real purchase power of silver around 1k/oz++.
The question is, what's the purchase power of gold (and silver) in todays dollars, since we are intimately familiar with the purchase power of the dollar.
Looking back in history silver has had about a 1/10th purchase power of gold prior to 1873 when silver was divorced from currency. That makes a lot of sense since the rate they come out of the ground is about the same ratio. Now however, since silver is much more valuable than gold in our tech, the purchase power of silver might increase a little bit over previous ratios.
But just looking at gold the real purchase power of gold is around 10k/oz(+) in todays dollars when compared with the entire 19th century. That puts the real purchase power of silver around 1k/oz++.